Headlines
- Bolt and M-KOPA Collaborate To Introduce An Electric Motorcycle Fleet in Kenya
- Tanzanian auto enthusiasts are enticed by Mercedes-Benz
- Toyota plans to set up a vehicle manufacturing plant in Kenya
- Bolt plans to launch the Bajaj Qute car to the Kenyan market
- How Africa is set to blow past the rest of the world on electric motorcycles
- Inchcape Launches Changan Auto In Kenya
- Autoexpo Kenya to be held in Nairobi in 2024
- Russian Lada cars will be manufactured in Ethiopia for the African market
- Pakistani carmaker MCML has begun exporting SUVs to Africa
- Uber launches an electric bike fleet in Kenya, a first in Africa
Volkswagen to Invest $340 Million in South African Car Business
Volkswagen AG, which is seeking to become the world’s largest automaker by 2018, is investing more than 4.5 billion rand ($340 million) in South Africa for new products and infrastructure.
The German manufacturer will spend about 3 billion rand on production facilities at Uitenhage, near Port Elizabeth in the Eastern Cape province, and 1.5 billion rand on improving the supply chain by 2017, the Wolfsburg-based company said in an e-mailed statement on Thursday.
“Exports will again play a key role in our strategy going forward,” Thomas Schaefer, managing director of Volkswagen Group South Africa, said in the statement.
Car manufacturers in South Africa, which also include Toyota Motor Corp., BMW AG and Mercedes-Benz AG, are expected to export 18 percent more vehicles this year as companies take advantage of a weaker rand, the National Association of Automobile Manufacturers of South Africa said this month. Sales in the domestic market will probably fall 2.8 percent in 2015 as consumers battle with rising fuel costs and interest rates, the industry body said.
Posted on : 29 Apr,2024 | News Source : ABNews
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Exhibitions In Africa
- 25th Autoexpo Kenya 2024
KICC, Nairobi, Kenya - WBE - WORLD BATTERY INDUSTRY EXPO 2024
China Import and Export Fair Pazhou Complex, Guangzhou, China - IAA TRANSPORTATION 2024
Deutsche Messe Hannover, Hannover, Germany - INTERMOT COLOGNE 2024
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